CBRE is pleased to present 572 21st Street, a fully restored 3-unit property located in the evolving Sherman Heights neighborhood of San Diego, just east of Downtown. Situated on a 4,254 square foot lot, the property consists of a two-story building totaling approximately 2,145 rentable square feet, offering a unique… Read More opportunity ideally suited for an owner-occupant, with additional appeal to investors. The property features one (1) three-bedroom / 1.5-bath unit, one (1) one-bedroom / one-bath unit, and one (1) studio loft, providing a flexible layout ideal for an owneroccupant seeking to live in the primary residence while offsetting expenses through income generated from the remaining units. The three-bedroom unit is currently vacant, allowing for immediate occupancy, and is well-suited for personal use, livework, or potential office space. The additional units offer income potential through traditional leasing or short-term rental (subject to local regulations). The property’s configuration may also lend itself to alternative residential use scenarios (buyer to verify). The property may also qualify for residential 2–4 unit financing, allowing buyers access to 30-year fixed-rate loan options (rates subject to market conditions and buyer qualification). Originally constructed in a historic Victorian style, the property has been extensively renovated, including upgrades to plumbing, electrical systems, drywall, and partial foundation improvements, resulting in a well-maintained asset with limited deferred maintenance. Each unit is individually water sub-metered. Read Less
Property listed by Conor Brennan, Broker, Conor Brennan 720-841-8139
Listing Snapshot
Days Online
7
Last Updated
Lot Size
0.1 Acres
Year Built
1920
MLS Number
260008705SD
Additional Details
Building
Built in 1920, 1 building, 2 stories, Levels: Two
Community
Park Name: complex, Gated
Cooling
None
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $77,640, Net Operating Income: $49,611
Lot
0.0977 acres
Roof
Composition
Security Features
GatedCommunity
Taxes
Parcel Number: 5352141500
Tenant Pays
Electricity, Gas, Sewer, Water
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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